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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 171.86-3.3%12:04 PM EST

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To: Craig Schilling who wrote ()12/30/1999 12:08:00 PM
From: YlangYlangBreeze  Read Replies (2) of 152472
 
Since Ruffian isn't here, and I would hate to step on the toes of any Ruffian, much less the Ruffian that is my favorite news hound, but i hope he wouldn't mind my postingthis link to Flooor_trader's newest message

messages.yahoo.com

He said:
MM situation
by: Flooor_Trader
12/30/99 10:09 am
Msg: 80895 of 80997
Still little has changed, yes the MM's got a few shares in the late run up yesterday, but these guys are desperate. A quick bid
pull to knock it down was immediately bought by uncooperative MM's..every man for himself now...split this evening...the
MM's deficit in this stock continues as not nearly enough paper is available. The PW publicity about QCOM has killed these
guys by bringing in institutional competition for the stock just when they needed time alone to buy the stock, this afternoon
will be interesting. I believe a MM or two will have to pay whatever it takes by the end of the day. The options premiums
show what the charge for a hedge is now..its huge and the MM's have to pay it.
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